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Country Garden Holdings Co ( (HK:2007) ) has provided an announcement.
Country Garden Holdings Company Limited has announced significant progress in its offshore debt restructuring efforts. The company has reached an understanding with its coordination committee, consisting of seven major banks, to implement a restructuring proposal aimed at reducing its indebtedness by up to USD11.6 billion, extending debt maturity, and lowering borrowing costs. This proposal is expected to enhance the company’s capital structure, allowing it to focus on business operations and asset management. Additionally, the controlling shareholder is considering converting a USD1.1 billion shareholder loan into equity, reflecting confidence in the company’s long-term prospects.
More about Country Garden Holdings Co
Country Garden Holdings Company Limited is a real estate company incorporated in the Cayman Islands, primarily focused on property development and management. The company engages in developing residential communities and commercial properties, catering to a wide range of market segments.
YTD Price Performance: -1.11%
Average Trading Volume: 3,011
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.73B
For an in-depth examination of 2007 stock, go to TipRanks’ Stock Analysis page.
